COTS in Space: Enter The Dragon
Congratulations to Space Exploration Technologies Inc, on their successful venture into orbit. By launching the Dragon into orbit, successfully orbiting the earth more than once, and returning to the ground, you've made history.
I wish I could have watched the launch and later the landing. This is absolutely a historic event.
Given the cancellation of the Ares projects, and the recent failure of the launch of the GLONASS satellites, it would seem SpaceX has impeccable timing.
I don't think there was really a question about weather or not commercial entities could handle space exploration and the creation of rockets. One of the big questions was "could it be done safely without all the oversight?"